For Investors - Beach Front Plot + Project for Sale
£436,364 / $674,157 / €533,333 / R$1,200,000
Ref: PBRN579
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General
Summary
- Water Front Plot
- 20 mins Drive to International Airport
- Natal's wealthiest area
- 10 Minutes to New International Airport
- Surrounded by the luxurious leisure options in town
- Excellent Local Beach Restaurants
- Tourist Center behind plot
- 2 minutes to Cross Natal's new bridge connecting Natal south and North coast
- 8 minutes drive to Ponta Negra Beach
- Natal City Centre approx 5 Mins drive
The Development / Communal Building Offers:
- 1050sqm plot
- Project for a construction of a residential complex
- 37 units of 40sqm each and a Restaurant of 600sqm
- Repercussion 15%
Property Overview -
1050sqm beach front plot + project for a residential complex of 37 units of 40sqm each and Restaurant of 600sqm located in a highly touristic and wealthiest Natal area. Surrounded by night clubs, restaurants, pubs, beach bars, elegant stores and facing the breath-taking Forte beach, this is undoubtedly an ideal place to invest, to live, for rental yields or simply spend vacation.
The district is home of the wealthiest Natal individuals and is THE place for the the most attractive and luxurious leisure options in town. The demand for properties in this location are high and the scarce numbers of properties available make this investment a fast capital return option, ideal for rent, for sale or just leave capital appreciation.
This strategic position also add to its advantage: in just two minutes the visitor will cross the bridge that gives access to the beaches of the north coast, 10 minutes to the new international airport due for completion in 2011 and quoted to be the eighth largest of the world, 5 minutes drive to the town centre, 8 minutes to the famous Ponta Negra beach, walking distance to fantastic leisure options, a beach that pleases adults and children with its natural pool formations during low tide and finally 20 minutes to the international operational airport .
The project is a study comprising 37 units of 40sqm each plus a Restaurant 600sqm. Costs and expected capital return are shown in the pdf doc attached.
Current capital appreciation in the region of between 10% to 20%
Undoubtedly an excellent investment opportunity!
Property Location & Area
Sunny year round and one of the brightest capital cities in
Brazil, Natal, not by chance, is known as the "City of the Sun". It's also known
as "City of the Dunes" where the Sun stands high in the sky for almost 10 hours
a day and 300 days a year and attracts thousands of visitors who fly from
southeastern Brazil, and ever-increasing number of tourists from Europe, South
America and North America. According to NASA in 1994, it has the second purest
air of the Americas (the first is the Antartida).
Natal, with 800000
inhabitants (2007), is the capital of state of "Rio Grande do Norte" and is
situated in northeast region of Brazil: the Brazilian Caribe, a tropical
paradise.
Natal is one of the Brazilian cities nearest Europe and North
America with Its international airport, tourist facilities and services stand
out in the region.
The payment plan is:
- Reservation Fee: 3000 GBP (Sterling) •
- Contract Signature: 30%
- Title Deed Signature 70%
In addition to the listed price for the investment, the following costs will apply to your purchase:
- Stamp Duty Purchase Tax (or Registration tax) is around 3% of the purchase price (payable to the notary)
- Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
- UK / Brazilian Lawyer (optional but recommended) £800+ Vat
- Admin / Processing (includes all processing costs) NO CHARGE
Property Running Costs
To Obtain the price in your own currency, divide the above figures by the
rate(s) shown at the bottom of the page. All above rates are approximates
/ estimates.
Rental / Yield Potential
Ask about rental projections, each area is different and we can talk to you about the local tourist demand. There is a mix of rental opportunity from long term contracts to short term holiday lets.
In many areas, hotels are largely booked and the tourist vists to the cities are increasing year on year.
* All properties are sold in Brazilian Reais (symbols R$ or BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rates used on this site are €1 = R$2.25, £1 = R$2.75, $1 = R$1.78. To check the latest rate 'spot rate' click here. Prices do not include the usual purchase costs associated with a property purchase ie. Government purchase tax, legal, admin and furniture.